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Spencer v Commonwealth (Market Value)

[1907] HCA 82
JurisdictionAustralia
Year1907
Statusunclear

Key Principle

Market value is the price that a willing but not anxious vendor could reasonably expect to obtain from a willing but not anxious purchaser.

Area of Law

tax

Related Cases

Commissioner of Taxation v Consolidated Media Holdings Ltd (2012) 250 CLR 503
Federal Commissioner of Taxation v Consolidated Media Holdings Ltd (Statutory Construction) [2012] HCA 55
Aid/Watch Inc v Commissioner of Taxation (2010) 241 CLR 539

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